Many mortgage originators and bankers have been worried about 2017 and how expected increases
in the federal funds rate will affect business. Starting in late 2015, the Federal Reserve embarked on its
fourth tightening regime since 1990. In addition, after the 2016 election, long-term rates increased further
because investors expect some sort of fiscal stimulus.

Luckily for mortgage originators worried about the effects of rising rates, the historical behavior of long-term interest rates can help put the current behavior of the bond market into context. By looking back at
recent interest rate history, we can alleviate fears that originators might have about the future. >>